Being the world’s top crypto exchange by trade volume is no mean feat in this ever expanding industry. That accolade has been held by Binance for some time now however there could be a shift at the top as a newcomer has entered the fray.

According to coinmarketcap.com Binance is no longer at the top spot. It has been overtaken recently by OKEx as the two exchange giants battle it out but a third and relatively unknown exchange has now taken the crown. CoinEx is currently handling a daily trade volume of $1.46 billion, or 230,180 BTC, according to CMC stats. This puts it above Binance which is trading $1.25 billion per day.